Market Mantra

#Buy the shares of P C Jewelers Ltd at Rs.47.70. T: Rs.61, SL: Rs.41. 

Last month P C Jewelers Ltd informed the Exchanges that its board has approved a proposal to raise Rs.2,000 crore through rights issues and preferential allotment of fully convertible warrants. As per media reports, its board has formed a dedicated 'fund raising committee' to decide on the details. 

#Indowind Energy Ltd's (Rs.22.10) Q4FY24 results beat market expectations. Indowind Energy came out with net profit of Rs.61.50 lakh for the March, 2024 quarter. It had posted a loss of Rs.25 crore in the year-ago period. The company's total income shot up to Rs.4.01 crore in the January-March period from Rs.3.93 crore in the same period a year ago. The stock should slowly move towards Rs.41/42, since the following quarter results are likely to be better, due expansion of capacity and reduction of debt.

#Diagnostic Stocks would continue to do well. All my counters, Metropolis Healthcare (Rs.1914.55) Vijaya Diagnostics Ltd (Rs.801.10) and Nidan Laboratories Ltd (Rs.33.85) are up from the Recommended prices.

#The stocks of Zee Entertainment Enterprises Ltd (Rs.152.65) made an intraday high of Rs.160.20. If you are betting for Adani Group, then you can take a look at the Zee group, too. Photo: Live Law